The trading atmosphere is weak, and the price of spandex continues to decline

According to the Commodity Market Analysis System of Business Society, the domestic spandex market has maintained a slight downward trend since April. As of April 22, the price of 40D spandex was 30000 yuan/ton, a decrease of 1.23% compared to the beginning of the month. At present, some spandex manufacturers have reduced production, but there are also some manufacturers that have increased production to full load operation, and the overall operating rate remains stable. The factory is actively shipping, but downstream demand is maintained, resulting in inventory pressure for some spandex manufacturers.


The cost support effect is still acceptable, and the main material PTMEG market is undergoing narrow consolidation. Under the pressure of factory losses, there is relatively limited room for profit margins, and negotiations are deadlocked. The domestic spandex industry has negotiated and evaluated a price of 15500-16000 yuan/ton for 1800 molecular weight PTMEG dispersion. The pure MDI market fell first and then rose, with spot prices in the East China region ranging from 18800 to 19000 yuan/ton. Spot prices are tight, and traders are mainly hesitant to sell.


At present, the performance of terminal orders is average, and the operating rate of the weaving industry in the Jiangsu and Zhejiang regions is stable at around 73%. Factories are taking appropriate purchases and still have a wait-and-see attitude towards spandex. The overall trading atmosphere in the market is weak, with a stable to weak trading focus. Considering the gradual shift towards the off-season, as well as the May Day holiday, downstream production reduction and holiday expectations, as well as poor new orders, demand expectations will be weak.


Business Society analysts believe that in the future, spandex factories are expected to reduce production, but currently there is still sufficient supply of goods, making it difficult to provide favorable support for the spandex market. In a long-term loss making state, manufacturers adhere to a high intention to offer, and it is expected that the short-term market price of spandex will remain stable.